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Q&A
Council Member Brannan inquires about NYCHA's rent collection progress and rental arrears
3:44:04
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103 sec
Council Member Justin Brannan asks about NYCHA's progress on rental arrears and current rent collection rate. NYCHA CFO Annika Lescott-Martinez responds with positive updates on rent collection efforts and the implementation of various rental arrears programs.
- Tenant rent arrears balance decreased by $104 million to $441 million as of April 30, 2025
- NYCHA received and applied significant funds from emergency rental arrears programs and COVID rental assistance
- The Home Art program recently launched, applying $84.1 million to tenant accounts and impacting 29,271 households
Justin Brannan
3:44:04
Thank you.
3:44:05
Just have a couple of more.
3:44:06
I wanted to talk about rent collection.
3:44:09
I know that NYCHA's budget projects over $1,000,000,000 in tenant rental revenue in '25 and $920,000,000 in '26.
3:44:19
Can you give us an update on the progress you're making with rental arrears?
3:44:23
And so far in your fiscal year, how is NYCHA's rental collection rate?
Annika Lescott-Martinez
3:44:30
Thank you, chair, for that question.
3:44:33
We have great news to share on the rent collection front.
3:44:36
So as of 04/30/2025, our tenant rent arrears balance is $441,000,000 When we came last and spoke to you, that number was $104,000,000 higher.
3:44:50
So we have been making great strides implementing our various rental arrears programs with our tenants.
3:44:58
We have already received 161,000,000 in emergency rental arrears program funds, the majority of which as Lisa mentioned in her testimony have been applied.
3:45:13
On the COVID rental assistance program through state OTDA, we've received $34,500,000 and already credited $32,600,000 to tenant accounts.
3:45:25
And lastly, which is a new development in the month of April, our home art program has finally gotten off the ground.
3:45:31
We've been working closely with our city partners to implement that federal funding, and we have applied $84,100,000 to tenant accounts.
3:45:40
So just this month even 29,271 households are seeing the impact of those programs.